Alex Thorn talks to Beimnet Abebe (Galaxy Trading) about whether or not Bitcoin is in a bear market. Beimnet shares his downside price targets, provides insight into economic data and trends, and explains how the Fed’s action or inaction will affect markets.

This episode was recorded on Wednesday, November 19, 2025.

Participants, along with Galaxy Digital, hold a financial interest in Bitcoin, Ethereum, Microstrategy, Ripple, and Solana. Galaxy Digital regularly engages in buying and selling Bitcoin, Ethereum, Microstrategy, Ripple, and Solana, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy Digital also provides services to vehicles that invest in Bitcoin, Ethereum, Microstrategy, Ripple, and Solana. If the value of such assets increases, those vehicles may benefit, and Galaxy Digital’s service fees may increase accordingly.

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